Car companies post highestever sales in March on prebudget demand The… — Volkswagen Brasilia

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Car post highest-ever sales in on pre-budget demand

NEW DELHI: leading carmakers — Maruti Volkswagen and Nissan Motor — highest-ever sales in March, by strong pre-budget demand customers. Maruti’s domestic of 1.12 lakh cars in 2012 are its highest-ever monthly in the 29-year history in India.

The previous high in domestic was 110,424 cars in March Its total sales — including — also scaled to an all-time tally of 1.25 lakh up 3.28% from the same last year. The company has a 10% increase in sales for the new fiscal, by higher demand for its diesel

Sales of its newly-launched DZiRE sedan jumped 60% to 16,451 in March while other diesel offerings. like and Ritz, witnessed a 24% jump in to 27,913 units in the same The three-month strike at its Manesar led to a 11% decline in annual sales to lakh units from lakh cars sold in the fiscal year. This the trend of other major like Tata Motors. Mahindra. and Toyota Kirloskar which posted good in March on the back of customers purchases fearing a price after Budget.

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The rally continued for South carmaker Hyundai Motor (HMIL), whose sales 23% to 39,122 units in India by stronger demand for its small car The considerable interest of the consumer to the expected price hike in the helped us meet our sales said Arvind Saxena. (marketing sales) HMIL.

largest carmaker Volkswagen’s subsidiary sold 8,326 in March, with its popular Polo hatchback registering sales since its launch in 2010 and so did its sedan model March proved to be the best month for Volkswagen with demand for our brand and we look to enhance our market position in the months, said Neeraj director, Volkswagen Passenger

Analyst tracking the sector the sales momentum to continue in the new period with a double-digit We are expecting the Indian car market to in the range of 10-13 % in FY13. The is expected to remain robust due to interest rates and most are able to meet the market with their diverse though, the higher taxes the Budget could lead to a blip, said Sridhar head, Crisil Research.

While Kotak Institutional analyst Hitesh Goel Moving ahead, we expect car volumes to remain flat and volumes to increase by 40% in FY13, is likely to result in a 12% volume for the domestic car industry .

General India posted a 13% rise in 2012 and sold 10,588 driven by higher demand for its vehicles like Beat car and the multi-passenger vehicle, Tavera.

Volkswagen Brasilia
Volkswagen Brasilia
Volkswagen Brasilia
Volkswagen Brasilia

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